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14-201-111. Authority to borrow, issue bonds or notes — Pledge of revenues.
Arkansas Code — all titles (historical 2020) · legal_authorities
14-201-111. Authority to borrow, issue bonds or notes — Pledge of revenues.
(a) The commission may borrow money and issue negotiable evidences of debt therefor either in the form of bonds or short-term notes, and it may execute such negotiable notes or bonds to obtain the funds needed to carry out its functions.
(b) The commission may also pledge its revenues including the income from operations, and it may mortgage waterworks or electric system property to secure the payment of money borrowed.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 14-201-111
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:14-201-111
Source file: gov.ar.code.title.14.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1ad8cc9259c84a63c755ef68e9a15190b485bcc502a3ba58cb17103db6825900
Source location: content.xml paragraph 45115
Stored source content
14-201-111. Authority to borrow, issue bonds or notes — Pledge of revenues.
(a) The commission may borrow money and issue negotiable evidences of debt therefor either in the form of bonds or short-term notes, and it may execute such negotiable notes or bonds to obtain the funds needed to carry out its functions.
(b) The commission may also pledge its revenues including the income from operations, and it may mortgage waterworks or electric system property to secure the payment of money borrowed.
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